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Cheyenne Family Importers sold goods to Tung Decorators for $39,600 on November 1, 2020, accepting Tungs $39,600, 6-month, 6% note. Prepare Cheyennes November 1 entry,

Cheyenne Family Importers sold goods to Tung Decorators for $39,600 on November 1, 2020, accepting Tungs $39,600, 6-month, 6% note. Prepare Cheyennes November 1 entry, December 31 annual adjusting entry, and May 1 entry for the collection of the note and interest. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Date

Account Titles and Explanation

Debit

Credit

choose a transaction date 11/1/2012/31/205/1/21

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date 11/1/2012/31/205/1/21

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date 11/1/2012/31/205/1/21

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

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